Canadian real estate operator Manga Hotel Group is doubling up on New York City’s market. Manga purchased the Chelsean New York Hotel at 158-162 West 25th Street from Jeffrey Lam’s firm, Lam Generation, for $50 million, according to public records. The deal for the 158-key hotel works out to more than $316,000 per key. The transaction was the second between the firms in a little more than a year, after Manga picked up Lam Generation’s SoHo hotel in February 2025. The brokers on the deal for the 21-story hotel were not disclosed. Neither the buyer nor the seller immediately responded […]

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